Act as if, charlatans in suits are everywhere

Mary 2022-03-24 09:02:18

19-year-old Seth Davis (Giovanni Ribisi) quits school because he doesn't feel fit to go to school, and hires guys to run an underground casino in his apartment for a living. One day his friend brought someone to his apartment and introduced him to JT Marin for an interview as a stockbroker. Knowing that his father, a judge, reprimanded Seth after dropping out to run an underground casino, Seth hosted the casino and joined JT Marin.
In this central office, known as the "boiler room", the stories of how many overnight millionaires fascinated Seth. Soon, the ambitious Seth passed the stock broker certification exam with honors and became a junior stockbroker under Greg. With his good eloquence, Seth successfully completed the opening and has a bright future. But Seth, who took four times the 5% commission stipulated by the securities regulations, was uneasy. He secretly investigated the situation of the company that was about to IPO, followed the company owner Michael, and finally found that he was selling shares of a company that did not exist at all. As soon as the stock sells, Michael will crash the stock. Moreover, whenever a customer wants to sell stocks, the broker will block it in every possible way, and even fool the customer to increase the position to reduce the cost.
JT Marin's actions caught the attention of the FBI, who took Seth for securities violations. Seth agreed to turn the witness into the full story for immunity. Eventually Seth copied the transaction data and left the company, and the police surrounded the company and started arresting people.
It was the first time to whet the appetite of customers by limiting the number of shares purchased. When the price falls, it is not allowed to sell and increase positions to reduce costs. Financial fraud is so blatant. A fraudulent company selling spot and precious metals in a certain dynasty is also the same way. Even if the price goes up, customers will not be able to sell for profit due to system problems.
Like Harry, all the savings used to buy a house for the unneeded 30%-40% profit are defrauded, and the tragic situation of separation of wives and children is constantly happening in real life, Act as if, a liar in suits and leather shoes everywhere.
Vin Diesel, who later starred in "The Fast and the Furious," played senior agent Chris in the film, and he was not strong enough in the film.

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Extended Reading

Boiler Room quotes

  • Adam: [Exchanging money for poker chips] Give me four hundred

    Greg Weinstein: What about the betting?

    Seth Davis: What were you thinking?

    Greg Weinstein: I don't know, five hundred max?

    Seth Davis: We don't usually service that level of action but I hate to turn away a new customer the thing is we might not have enough cash to settle you at the end of the night.

    Greg Weinstein: That's ok you can just pay me tomorrow

    Seth Davis: How much you want?

    Greg Weinstein: [Tosses a roll of cash on the table] Five dimes

    Adam: You had to do it, make me look like I'm at the kiddie table

    Greg Weinstein: [to Adam] "The shoe fits,"kid

    Seth Davis: [to Greg] What denomination?

    Greg Weinstein: [to Seth] How about three Puerto Ricans, two chinks and a Guinea? I don't care, mix it up, whatever you want.

  • Seth Davis: [Narrating] I was living in Kew Gardens Hills running my "biz" giving the Queens College kids to do something in between classes I was doing well.

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